1. Pre-Closing & Closing Support o Participate in organizational and financing team meetings. o Review and comment on draft bond documents, trust indentures, and closing certificates. o Open all required trust accounts and investment vehicles in advance of closing. o Coordinate with Atlanta Housing, underwriters, counsel, credit enhancers, and HUD (if applicable) to ensure all pre-closing conditions are met. 2. Fund & Account Administration a. Account Establishment & Deposits o Establish every fund and account required by the Trust Indenture. o Receive incoming wires/ACHs and immediately credit the proper account(s). b. Cash Management o Maintain each account in strict accordance with the Indenture and federal tax law, including arbitragerebate constraints. o Monitor reserve funds daily to ensure mandated minimums are met. o Disburse bond proceeds for costs of issuance, loan originations or purchases, and any other authorized purposes. o Calculate accrued interest and schedule debt-service transfers in the amounts and on the dates required. c Investments o Invest and reinvest monies only in permitted investments defined in the Indenture and any other applicable policies. o Track investment earnings and allocate them to the appropriate funds. 3. Paying Agent (Debt-Service) Duties o Pay principal, interest, sinking-fund installments, and tender or purchase prices punctually to bondholders or DTC. o Provide timely payment notices to AH, its advisors, bondholders, and other required parties. o Cancel or destroy paid bonds/certificates and maintain permanent proof of cancellation...
